Poland and Polish Discussion Group and Forum

Welcome to the original English language Poland and Polish discussion group board. This message forum is a place where English-speaking Poles, foreigners (expats) living in Poland, and anyone with a genuine interest in Poland can discuss and read the views of others concerning Poland. Subjects include: Polish news and current affairs; Life in Poland; politics; genealogy research; Polish culture and history; advice and tips on visiting Poland; Polish property and investment issues. The aim of our group is to increase awareness of wonderful Poland using the English language and allow and foster the honest debate and exchange of opinions on anything vaguely related to Poland and Polish - positive, negative and/or neutral! To state the obvious: all opinions and views expressed on this site are solely those of their respective authors and are not necessarily those of anyone else! Messages consisting of ads will be deleted.

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Poland and Polish Discussion Group and Forum
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Re: Poland currency woes.

Few things in modern life are as annoying and as damaging as politicians meddling in economics.

If they absolutely insist on entering into the fray the solution is in the form of seven year bonds guaranteed by the government.

The banks would receive the bonds as assets to cover their position in any currency trades already entered into. The banks can either await the maturity of the bond and collect interest or sell the bonds at a discounted rate.

The businesses with the currency contracts would be subject to paying the interest on the bonds and the face value at maturity. They would be able to write off their currency losses over seven years and still exercise the original currency contracts.

Doubtless there will instead be a useless round of political demagoguery with everyone assigning blame and no one acting responsibly.

Re: Poland currency woes.

Hold on a moment, let me think.

The Polish government gets tens of billions of EU funding in euros, right?

And it's worried that it will have to sell these billions of euros at a high rate against the zloty, thereby maximising its purchasing power for projects in Poland - roads, rail, sewers, water treatment stations, stadia etc???

It should be celebrating by selling all its euros at the current high levels - I would.